Karaco Accountants

Warning to micro businesses. ‘Higher taxes for thousands of businesses’.

Warning to micro businesses. ‘Higher taxes for thousands of businesses’. - Karaco The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock to many small and microbusinesses in Australia.

COVID early super release did little for financial, emotional wellbeing.

COVID early super release did little for financial, emotional wellbeing. - Karaco The Early Release of Super scheme implemented during the COVID-19 pandemic had little impact on financial resilience or wellbeing, new research has shown.

Better Business cash flow strategies

Better Business cash flow strategies - Karaco Be proactive, not reactive, with Cash and your Business.

7 Steps to Dealing With a Legal Issue or Dispute

7 Steps to Dealing With a Legal Issue or Dispute - Karaco If you run a business for any length of time, you will likely get involved with disagreements and disputes with your associates, whether they be customers, employees, suppliers or competitors.

How Do I Resolve a Dispute With My Supplier?

How Do I Resolve a Dispute With My Supplier? - Karaco Having good working relationships with your suppliers is vital to ensure your business runs smoothly.

Changes to Casual Employment in August 2024

Changes to Casual Employment in August 2024 - Karaco Casual employment is set to change again after Amendments to the Amendments to the Fair Work Act 2009 (Cth).

Temporary FBT break lifts plug-in hybrid sales 130%

Temporary FBT break lifts plug-in hybrid sales 130% - Karaco An industry body warns strong take-up will only continue if the generous tax break remains.

The five reasons why the $A is likely to rise further - if recession is avoided

The five reasons why the $A is likely to rise further - if recession is avoided - Karaco After a soft patch since 2021, there is good reason to expect the $A to rise into next year

June quarter inflation data reduces risk of rate risk

June quarter inflation data reduces risk of rate risk - Karaco The June quarter inflation data is likely to see the RBA keep rates on hold next week, economists predicted.

‘Bleisure’ travel claims in ATO sights, experts warn

‘Bleisure’ travel claims in ATO sights, experts warn - Karaco Travellers who mix business and pleasure will face increased scrutiny as the Tax Office cracks down on work-related expenses.

Most Gold Medals in Summer Olympic Games (1896-2024)

Most Gold Medals in Summer Olympic Games (1896-2024) - Karaco Check out which country has won the most Gold Medals in Summer Olympic Games (1896-2024)

Estate planning considerations

Estate planning considerations - Karaco Estate planning is a complex area which requires careful consideration of tax implications.

5 checklists to support your business

5 checklists to support your business - Karaco Find the list of tasks to be done in your business or reminders you need to know about.

Changes to commercial and industrial property tax from 1st July 2024

Changes to commercial and industrial property tax from 1st July 2024 - Karaco Commercial and industrial property is moving from land transfer duty (also known as stamp duty) and landholder duty to an annual property tax known as the commercial and industrial property tax (CIPT) reform.

Are you receiving Personal Services Income?

Are you receiving Personal Services Income? - Karaco Do you earn personal services income (PSI)?

What Employment Contracts Does My Small Business Need?

What Employment Contracts Does My Small Business Need? - Karaco As a small business owner, you may be looking to recruit employees in a variety of capacities and for a range of purposes.

The superannuation changes from 1 July

The superannuation changes from 1 July - Karaco The super changes on the way from the start of the 2024-25 financial year.

Hasty lodgers twice as likely to make mistakes, ATO warns

Hasty lodgers twice as likely to make mistakes, ATO warns - Karaco The Tax Office is warning taxpayers against rushing to lodge their tax returns on 1 July.

Landlords who ‘double dip’, fudge deductions in ATO crosshairs

Landlords who ‘double dip’, fudge deductions in ATO crosshairs - Karaco The Tax Office has warned taxpayers to revise deduction rules and maintain proper records.

Land transfer duty

Land transfer duty - Karaco If you buy or acquire a property, you pay land transfer duty, commonly known as stamp duty.

Elva has arrived!!!

Happy EOFYS !!!!
Elva and Melissa where are you ????

Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds

Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds - Karaco Working from home because of COVID-19 means most will have more deductions than in a normal year.

Compare your business

Compare your business - Karaco All too often a small business operates as an ‘island’, not knowing how they are really doing. These benchmarks allow meaningful comparisons.

2024 Year End Tax Planning Guide (Part 2)

2024 Year End Tax Planning Guide (Part 2) - Karaco Over May and June we will add two articles to our website to help you plan and take actions before the end of the 2023-24 financial year.

ATO to crack down on rental income, WFH deductions this tax time

ATO to crack down on rental income, WFH deductions this tax time - Karaco Taxpayers who “copy and paste” work-related claims each year or try to offset their rental income by inflating deductions will be in the Tax Office’s sights.

How to Draft a Standard Form Contract

How to Draft a Standard Form Contract - Karaco A standard form contract is a pre-written contract used repeatedly for a particular type of transaction.

GST, PAYG withholding a ‘significant portion’ of $50bn tax debt

GST, PAYG withholding a ‘significant portion’ of $50bn tax debt - Karaco Small businesses are increasingly falling behind on debts, with two-thirds of all debt owed by small business, the ATO warns.

ATO changes will make it harder for over 42,000 small businesses.

ATO changes will make it harder for over 42,000 small businesses. - Karaco The ATO reports that more than 42,000 small businesses fail to work with them in regard to finalising their tax obligations.

The Deadliest pandemics in History

The Deadliest pandemics in History - Karaco Check out the Deadliest pandemics in History